Coinbase Ventures leads the list with 329 crypto startup investments


Messari CEO Ryan Selkis profiles 33 crypto transaction investors.

The gaming-centric Animoca Brands comes in at number two, while the smart contract-centric NGC Ventures rounds out the top three.

Messari’s CEO and founder Ryan Selkis recently tweeted (through Twitter’s X platform) that 33 investors had participated in various crypto trades this year. Selkis singled out the “top 20 Chad deployers” in the bitcoin industry as a subset of these financiers.

Topping the list is Coinbase Ventures, the seed-stage cryptocurrency and blockchain investment arm of the prominent U.S. bitcoin exchange Coinbase. There are now 329 firms in the cryptocurrency industry that Coinbase Ventures has invested in. Notably, they have put in excess of $8 million in a single fundraising round to support and seed exchanges.

Animoca Brands, a venture capital business for the metaverse and gaming industry that promotes gamers’ and internet users’ rights to digital property via NFTs, comes in at number two. Animoca Brands has invested $5.5 million across 240 companies in a sizable fund round, with a focus on the gaming industry.

NGC Ventures, a Singaporean VC company, ranks third because it backs businesses developing web 3.0 infrastructure. More than 166 firms have received funding from NGC Ventures’ 200 investment rounds. There was a total of $3 million invested, with the majority going toward developing the smart contract platform.

The list is rounded out by many additional prominent venture capital firms active in the cryptocurrency space, such as Andreessen Horowitz, Polychain Capital, Shima Capital, and Polygon, who have made 180, 176, 169, and 97 investments, correspondingly.

Selkis recently said that the ongoing bear market in crypto is unlikely to end anytime soon. He foresees a worsening situation and has cautioned crypto enthusiasts to brace for additional difficulties.

According to Selkis, the present state of affairs is even more terrible than what was seen in 2019. Although Bitcoin investor mood improved in 2023 over the previous year, Selkis still considers the current state of the cryptocurrency market to be the worst he has seen, on par with that of 2015.

Also Read: Top Business Leaders Believe Bitcoin Value Could Hit $100,000 by 2024

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